The European Union will tighten sanctions against Syria's oil and financial sectors this week to punish the regime over its crackdown on protesters, a European diplomat said Monday.

EU foreign ministers meeting Thursday will adopt a raft of sanctions including bans on exporting gas and oil industry equipment to Syria, trading Syrian government bonds and selling software that could be used to monitor Internet and telephone communications, the diplomat said.

Euro finance ministers' head Jean-Claude Juncker rejected Monday any debt crisis solutions that would divide the EU, reacting to German-French ideas for an inner Eurozone club.

"It is not good to artificially divide the EU into two groups, it is important not to create differences between the 27 (EU member states) and the 17" members of the euro currency area, he told reporters.

Progressive Socialist Party leader Walid Jumblat has described the situation in Lebanon and the crisis on the funding of the Special Tribunal for Lebanon as an “open bazaar over strange things.”

When asked by As Safir daily to comment about the situation, Jumblat, who is currently in Brussels, said he prefers to stay away from Lebanese politics and its “absurdities.”

EU leaders called on Wednesday for Brussels to have power to rewrite national budgets to ensure the euro survives amid concerns that such discipline could clash with democracy.

European Commission President Jose Manuel Barroso said Brussels would have to be given the power to scrutinize national budgets and demand changes before they are adopted.

European ministers embarked Saturday on overhauling a rescue package for Greece, ahead of crunch French-German talks to resolve a row over a crisis that threatens to cause global recession.

Amid dire warnings that the debt crisis is endangering all of Europe, ministers said that banks had to take a greater share of the pain in a rescue package agreed in July but already seen as insufficient to solve Greek woes.

France vowed Tuesday to do everything in its power to keep its triple-A rating following a warning from Moody's, as markets fell after Germany dampened hopes that an EU summit will resolve the Eurozone crisis.

Paris shares tumbled by as much as 2.01 percent early Tuesday after the Moody's warning, following earlier falls on Asian markets amid concerns over the spreading impact of the Eurozone's debt woes.

Europe's rescue fund cleared a major hurdle Thursday when German lawmakers voted overwhelmingly to beef it up, boosting markets as attention turned to a key international audit of debt-mired Greece.

Stock markets on both sides of the Atlantic greeted the news with relief as Chancellor Angela Merkel survived a vote that proved a hard-fought test of her political authority as the world looks to her to defuse the euro debt crisis.

Belgian political parties trying to end a crisis that has left the country without a government for a world-record 468 days agreed Saturday on greater autonomy for the feuding regions during marathon talks.

"It's a giant step in the right direction," Charles Michel, head of the French-speaking Reformist Movement, said after the 18-hour meeting of the eight Flemish and francophone parties.

A debate over which eurozone countries can demand collateral from Greece in exchange for loan guarantees threatens to derail the quick approval of Athens' second bailout program, experts warn.

"Finland has said right from the beginning that it would not back any loans without collateral, and if this arrangement is no longer acceptable to other nations, then it takes us back to square one," Teija Tiilikainen, head of the Finnish Institute of International Affairs, told Agence France Presse.

The European Union has expressed concern over “the absence of an explicit commitment” to the international tribunal in the cabinet’s policy statement.

The EU “expects that the new government will ensure promotion of stability, unity, sovereignty and independence of Lebanon in full respect of the constitution and the rule of law,” said a statement issued by the Foreign Affairs Council at the conclusion of its talks in Brussels on Monday.